$OGN Tonight, this spot still can’t be climbed—only profit-taking sell orders will bury it.
If it drags on without volume breaking out, everyone will want to exit, unless the main players want to use their own chips to put out another wave of volume,
Brother Hao’s view is that continued sideways trading in the high zone will only further fuel the market’s bearish sentiment. Therefore, the relative sideways range is small—this will cause short positions inside the market to concentrate. Then, once volume increases again, they’ll push the price higher to trap those shorts....
Brother Hao advises that those who already hold short positions should manage position size, set a stop loss, and keep it tight. 👇
(Brother Hao believes that if it breaks through the key resistance of 0.045 tonight, then the next lowest high-level area is around 0.055.)
If it drags on without volume breaking out, everyone will want to exit, unless the main players want to use their own chips to put out another wave of volume,
Brother Hao’s view is that continued sideways trading in the high zone will only further fuel the market’s bearish sentiment. Therefore, the relative sideways range is small—this will cause short positions inside the market to concentrate. Then, once volume increases again, they’ll push the price higher to trap those shorts....
Brother Hao advises that those who already hold short positions should manage position size, set a stop loss, and keep it tight. 👇
(Brother Hao believes that if it breaks through the key resistance of 0.045 tonight, then the next lowest high-level area is around 0.055.)